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123 S Union St, Unit Traverse City Traverse City, MI 49684

For Sale
$2,950,000

Four-story building with redevelopment potential in downtown Traverse City.

Property size:
20 SF

Property Features for 123 S Union St

General Information

Size
20 SF

Building Details

Year built
1900

Source: Dan Stiebel Agent Dan Stiebel

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Historic Building in Downtown Traverse

This four-story building, featuring three mezzanines and hardwood floors on the upper levels, presents an opportunity for redevelopment or continuation of the historic Wilson's Antiques business. Located in downtown between Front Street and the new Rotary Square on State Street, the property benefits from a central location. The second floor features high ceilings and an original tin ceiling. Fire sprinklers are installed throughout the building, making mixed-use redevelopment a possibility. Potential uses include a boutique hotel, retail on the first floor with residential condominiums above, or continuation as an antique store. The current zoning allows for both short-term and long-term rentals. An elevator services the main levels, but not the mezzanines.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Wilson Antiques Antique Store Bay West Precious ... Gold Dealer Bay West Antiques Antique Store

Suggested Use

Restaurant Realty agency Building Supply Law Firm Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

Zoning and permitted uses should be independently verified with local authorities.

Similar Places Nearby

Darling Botanical Company, Mourning Wreaths, The Flower Station

Location Insight

  • Map
  • Local Demand
City
Traverse City
County
Grand Traverse
State
Michigan
Longitude
-85.6235849
Latitude
44.7631639

FAQs

What type of property is this?
Storefront property - Four-story building with redevelopment potential in downtown Traverse City.
Where is this storefront property located?
The property is located at 123 S Union St, Unit Traverse City Traverse City, MI.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: - Prime downtown location between Front Street and Rotary Square.; - Redevelopment potential for mixed-use, boutique hotel, or retail/residential.; - Existing fire sprinklers throughout the building.
More about this property
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